|23 Things They Don't Tell You About Capitalism review
||[Mar. 26th, 2011|07:36 pm]
I recently finished 23 Things They Don't Tell You About Capitalism. I was expecting it to be how dreadfully awful capitalism is. (these kinds of books depress me)
Instead, its main point was that capitalism is the best system (certainly compared with all the others we've tried) but making it extremely "free market" makes it worse, not better. The 23 things include "Making rich people richer doesn't make the rest of us richer" (trickle-down economics doesn't really work), "We are not smart enough to leave things to the market" (think subprime mortgage crisis), and "Big government makes people more open to change". (you're more likely to take a chance starting a business if you don't have to rely on your current job for health insurance, etc.) The arguments are generally well supported, or at least "well supported" as far as economics is concerned. (burn! But that's what you get for small sample sizes...)
Anyway, I enjoyed it and it was a pretty quick read. It's a physical book and so available for borrowing.